President Joko “Jokowi” Widodo inaugurated on Sunday the Pertamina
Integrated, a project which combines upstream and downstream oil and gas
industries with a total investment of US$5.8 billion in Banggai
regency, Central Sulawesi.

Publicly listed consumer goods giant PT Indofood Sukses Makmur (INDF)
reported a more than 25 percent drop in net profits in the first half of
the year amid a decline in sales growth and rise in operating costs
during the January-June period.

Cigarette maker PT Gudang Garam booked an 11.7 percent decline in net
profit during the first six months of this year, partly driven by a
sharp drop in its foreign exchange (forex) gain as export sales
declined.

Friendly powers of Lotte Group founder Shin Kyuk-ho are flocking
together to secure their collective influential stake under the
second-generation leadership of the 90 trillion won ($77 billion)
business empire.

The British Council, supported by Indonesia’s Tourism Ministry, launched
the “UK National Tour 2015 — Discover Indonesia” on Thursday, a
showcase of Indonesian arts within the UK, to promote the country’s rich
culture.

Unlike in the past, where economic hardship produced good policies,
Indonesia has recently taken protectionist measures to cope with slower
growth, a move that will ultimately hurt consumers as well as
businesses, an Australian think tank says in its latest report.